Hokuriku Gas Swings to Profit as Nine-Month Revenue Climbs

The company’s latest financial statement, prepared under Japanese accounting standards, shows revenue rising to ¥42.88 billion, up from ¥40.60 billion during the same period last year. This steady growth in the top line helped the utility navigate a volatile energy market, reversing the downward trend seen in the previous fiscal cycle.

Reversing Operational Losses

The shift in the bottom line was driven by a robust recovery in core operations. Hokuriku Gas recorded an operating profit of ¥1.03 billion, a sharp contrast to the ¥968 million loss reported a year earlier. The company's performance across key metrics highlights the scale of the recovery:

• Pretax profit reached ¥1.34 billion, following a ¥756 million loss in the prior year.
• Net profit stood at ¥915 million, compared to a ¥150 million deficit.
• Earnings per share rose to ¥196.47, up from a loss of ¥32.35.